Debt Settlement: A Comprehensive Guide
Debt settlement is a process through which you negotiate with creditors to pay less than you owe by offering a lump sum payment that’s lower than... read more »
By: Eric Bank • 7/3/24
Eric Bank has been covering business and financial topics since 1985, specializing in taking complex subject matters and explaining them in simple terms for consumer audiences. Eric's writing regularly appears on Credible.com, eHow, WiseBread, The Nest, Get.com, Zacks, Chron, and dozens of other outlets. A former software engineer, Eric holds an M.B.A. from New York University and an M.S. in finance from DePaul University.
Guide
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13 min read
Debt settlement is a process through which you negotiate with creditors to pay less than you owe by offering a lump sum payment that’s lower than... read more »
By: Eric Bank • 7/3/24
Guide
336 views
13 min read
A default occurs when you don’t make payments on your credit card or loan for an extended period, usually several months. It will damage your... read more »
By: Eric Bank • 7/2/24
Guide
640 views
17 min read
Debt consolidation is when you combine multiple debts — including loans and/or credit cards — into a single payment. By consolidating them, you... read more »
By: Eric Bank • 7/1/24
Guide
1,469 views
19 min read
Garnishment happens when a court allows a creditor (i.e., the person or company you owe money to) to take part of your paycheck or money from... read more »
By: Eric Bank • 6/27/24
Guide
1,704 views
21 min read
A cosigner is someone who helps you get a loan or credit card by promising, in writing, to pay the loan if you cannot pay it back. This makes it... read more »
By: Eric Bank • 6/26/24
Guide
2,964 views
13 min read
Credit counseling is a service that provides help from a professional to better manage your money and debts. Counselors can help you plan to pay... read more »
By: Eric Bank • 6/19/24
Guide
4,688 views
15 min read
A payday loan is a small amount of money that consumers can borrow and then pay back when they receive their next paycheck. This type of loan is... read more »
By: Eric Bank • 6/18/24
Guide
4,345 views
21 min read
Unsecured credit cards are available without putting down any money as a deposit to secure your credit line. When you spend with an unsecured... read more »
By: Eric Bank • 6/6/24
Guide
9,584 views
9 min read
The Consumer Credit Protection Act (CCPA) is a federal law in the United States enacted on May 29, 1968. It includes four titles that focus on... read more »
By: Eric Bank • 5/29/24
Guide
16,397 views
13 min read
A charge-off occurs when a company believes you will probably not pay back the money you owe on a credit card or loan. They mark this debt as... read more »
By: Eric Bank • 5/28/24
Guide
22,572 views
15 min read
Credit repair is a process that addresses errors and negative items on your credit reports. It can include identifying misinformation, disputing... read more »
By: Eric Bank • 4/30/24
Guide
18,992 views
23 min read
A secured credit card is a type of credit card that the cardowner backs with a cash deposit that typically serves as collateral for the credit... read more »
By: Eric Bank • 4/26/24
Guide
26,064 views
15 min read
Bad credit means your credit score is low — generally considered anything below 600 — because you’ve had problems paying bills or loans on time... read more »
By: Eric Bank • 4/9/24
Guide
54,645 views
11 min read
I’m busy, and I’ll bet you are, too. In a world of instant messaging, fast food, and 30-second loan approvals, we certainly don’t want to wait... read more »
By: Eric Bank • 11/27/23
Guide
64,245 views
13 min read
Sometimes, an extra $100 can make all the difference in the world. And thanks to our reviewed apps, you should have no trouble quickly securing a... read more »
By: Eric Bank • 11/22/23
Guide
50,664 views
15 min read
If you have bad or limited credit, I can imagine your eyes widening as you come across this article. Can you really get a slam-dunk loan with no... read more »
By: Eric Bank • 11/21/23
Guide
78,755 views
15 min read
Bad credit should not prevent you from obtaining a personal loan. What’s more, you can usually get one quickly, without a lot of red tape. This... read more »
By: Eric Bank • 11/20/23
Guide
80,408 views
13 min read
Lexington Law is our top-ranked credit repair company. It boasts an experienced staff of legal experts, including accredited lawyers. The company... read more »
By: Eric Bank • 11/2/23
Guide
83,496 views
13 min read
You may have bad financial credit, but owning an electric vehicle earns you social credit for helping protect the environment. It’s too bad that... read more »
By: Eric Bank • 10/31/23
Guide
50,414 views
17 min read
Even if you have bad credit, it is still possible to find credit cards with easy approval and relatively high credit limits. These products may... read more »
By: Eric Bank • 10/17/23